business news

Stocks making the biggest moves premarket: Alphabet, Microsoft, PacWest, Snap and more

Check out the companies making headlines before the bell. Alphabet — The Google parent popped more than 6% after topping…

15 years of low interest rates reshaped the U.S. economy. Here’s what’s changing as rates stay higher for longer

The United States is entering a new economic era as the Federal Reserve has been hiking its benchmark interest rate.…

Senate passes toned-down bill to increase oversight of investments in Chinese technology

The Senate overwhelmingly backed legislation Tuesday that would require U.S. firms to notify the Treasury when investing in advanced Chinese…

Ukraine war live updates: Russia raises conscription age limit; Zelenskyy gives fresh corruption warning

This is CNBC’s live blog tracking developments on the war in Ukraine. See below for the latest updates.  Russia on…

Deutsche Bank beats expectations despite 27% drop in profit, jump in costs

Deutsche Bank on Wednesday reported a net profit of 763 million euros ($842 million) for the second quarter of 2023,…

China signals more support for real estate with a ‘big change’ in tone

BEIJING — China is changing its tone on the struggling real estate sector, paving the way for policy support. Beijing’s…

Lawsuit accuses billionaire Leon Black of raping autistic teenager at Jeffrey Epstein’s townhouse

A federal lawsuit filed Tuesday accused Leon Black, the billionaire co-founder of Apollo Global Management, of raping a then-16-year-old girl…

Stocks making the biggest moves after hours: Microsoft, Alphabet, Snap, Teladoc and more

Check out the companies making headlines after the bell. Alphabet — Shares of the Google parent jumped 7% as investors…

JPMorgan Chase exec Erdoes sought tax advice, Madoff intel from Epstein, suit alleges

JPMorgan Chase executive Mary Callahan Erdoes sought advice for a $600 million tax issue from disgraced former financier Jeffrey Epstein…

Wells Fargo announces $30 billion buyback, shares rise

Wells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also…